Source : GenX UK Limited is organizing a 2-day long event “Bangladesh Clothing Show 2010″ from May 28 to 29 in London. The Show is aimed to promote Bangladeshi garment in Europe and also to bring the buyers, sellers and designers together under one roof. Bangladesh Clothing Show 2010 will be a wonderful way of showcasing the artistic and innovative skills of the Bangladesh Clothing industry and its role in serving the lifestyle that evolves to meet the tastes of everybody on a daily basis. The primary objective of the Bangladesh Clothing Show 2010 is to enhance the trade and investment relationship between Bangladesh and European Countries. The visitors will have the opportunity to meet with representatives of the entire spectrum of the clothing industry which will include companies from the readymade garments sector, textile producers, knitwear manufacturers, garments agencies, exporters, designer houses and logistic companies

Evaded import duties to the value of 50 million Euros are to be recovered following three through investigations.

Into importations of textiles that the European Anti-Fraud Office (OLAF) has recently concluded. The products, in particular jeans and t-shirts, originated in the far-east, mainly China, but were introduced into the EU with forged documents showing Bangladesh as their country of origin.

During the investigations, thousands of documents, such as certificates of origin, bills of lading, customs export documents, delivery receipts and invoices presented to customs in EU Member States and to the competent Bangladesh authorities, the Export Promotion Bureau (EPB), were found to be forged by third parties. The fraudsters aimed to evade EU import duties on textile consignments originating in the far-east, mainly in the PR of China. Forged or unduly obtained certificates of origin (Form A) falsely showing Bangladesh as the country of origin gave the importers of the textiles, in particular t-shirts and jeans, unrestricted and duty-free access to the European markets.

Co-ordinated investigations of the EU Member States’ authorities, together with OLAF and the Bangladesh Export Promotion Bureau, uncovered the scheme that was run at the expense of the EU taxpayer. Following the results of three verification missions of administrative cooperation to Bangladesh in 2007, 2008 and 2009, OLAF together with the EU Member States concerned have established a customs debt of around 50 million Euros. For this amount, recovery orders to the importers will be issued by the customs administrations in almost all EU Member States.

Investigations in several Member States and follow-up activities such as court proceedings are still ongoing.

Within the framework of these investigations, the Commission also published a notice to importers on 15 February 2008 informing the public and economic operators concerned of the serious doubts which existed in relation to importations of textiles allegedly originating in Bangladesh. By this means, OLAF and the Commission were able to raise the awareness of economic operators and to prevent further loss to the EU taxpayer.

Textile production

Bangladesh garment manufacturers said Sunday they have targetted Japan as their next big market to offset a drop in orders from the United States and Europe caused by the global financial crisis.

 Bangladesh plans to raise the value of its textile exports to Japan to $1 billion over the next two years, a senior business leader said on Thursday.

“Now we are fully prepared to attract more and more buyers from Japan which will help to grow our market many folds day by day,” said Mohammad Fazlul Hoque, president of Bangladesh Knitwear Manufacturer and Exporter Association (BKMEA).

“A massive black cloud has gathered over our heads,” said Fazlul Hoque, president of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA).

 ”Orders in September have fallen by 10 percent, and the indications are there that the industry will experience a sharp decline like the one we experienced immediately after 9/11 in 2001,” he said.

Bangladesh exports only $50 million worth of ready-made garments to Japan which annually consumes $23 billion worth of ready-made garments, mostly importing from China, Fazlul said.

“Recently we, along with other textile entrepreneurs, visited Japan and did several interactions with most of the leading textile importers who committed to increase trade volume with us,” Fazlul told reporters.

He said that BKMEA would organize a 3-day international exhibition from Monday to present the products to the potential importers and about 150 buyers across the world will participate.

Most of the leading textile importers from Japan and also buyers from the United States, China, India, Hong Kong, South Africa, Australia, Italy, Netherlands, Russia, Belgium will participate in this showcase, he said.

“Japan is the world’s fourth largest garment importer. Yet last year we exported 6.4 million dollars’ worth of apparel there, against Japan’s total import of around 9.3 billion dollars,” he said.

“We have to enter the Japanese market at any cost to survive the coming storm. We have identified that in four out of ten top Japanese apparel items, we have huge price advantages,” he added.

The group, whose members generate nearly 55 percent of the country’s entire clothing exports, has invited ten top Japanese buyers this year to inspect Bangladeshi factories.

Readymade garments, which account for 80 percent of total exports, earned more than $11 billion in the last fiscal year.

Bangladesh has set 13 percent higher export target of $17.6 billion for the current fiscal year to end June 2010.

Bangladesh’s overall exports grew 10.3 percent to $15.56 billion in the 2008/09 fiscal year, down 4.76 percent from the previous year and the lowest growth in six years, following the global slowdown.

Earnings from knit textiles from July to June of the previous fiscal year (2008/09) rose 16.2 percent to $6.4 billion while exports of woven garments rose 14.5 percent to $5.9 billion in the same year.

The garment trade is the backbone of Bangladesh’s manufacturing industry, accounting for 80 percent of total exports and 40 percent of industrial jobs.

The analysts of Banladesh economy says that the global recession impact for Banladeshi Garments and Textile sector will not affect downwords in some way it may bring positive result also .

The news from Reuters as follows is also a sign to support this analysis.

From Reuters:Bangladesh’s exports surged 11.86 percent to $1.378 billion year-on-year in January on the back of increased sales of clothing and other textiles, data showed on Thursday, after sales dropped 10 percent in December.

Data from the Export Promotion Bureau showed export earnings in the first seven months of the 2008/09 fiscal year rose 18.16 percent to $9.13 billion.

Earnings from knit textiles during the period rose 26 percent to $3.8 billion from the previous year, while exports of woven garments rose 20.6 percent to $3.39 billion.

Despite growth in clothes exports, foreign sales of frozen food, leather, jute goods, electronics and other items declined as a deepening global slump slashes away at demand for that items.

The government plans to launch a stimulus package for exporters to protect growth and jobs by this month as the financial crisis continued to deepen, said Finance Minister Abul Maal A Muhith.

Some analysts said Bangladesh did not face any immediate upset in its prime readymade garment exports yet because the country sells mostly basic and low-cost products.

Bangladesh has set a $16.3 billion export target for the year to June 2009. Exports in the previous year to June 2008 hit $14.11 billion, of which almost $10.7 billion was from garments. ($1 = 69 taka)

The main export market of Bangladesh is Garments Manufacturing and stiching,The graments and textile infrustucture of Bangladesh grown up with a better infrustucture.Bangladesh now is one of the best garments sourcing platform. To introduce more presentably BTMA organised DTG 2010.

BTMA,Chairman Mr MA Awal urged the goverment to take some interim steps to boost the textile sector through capacity building to compete with India and Pakistan. To make the textile sector more vibrant, the association, demanded loan facilities for the entrepreneurs, based on bank-client relationship and fixation of bank interest to a maximum of seven percent.
Riding on the resounding success of DHAKA TEXTILE & GARMENT 2009, Bangladesh Textile Mills Association (BTMA) and ES EVENT MANAGEMENT SDN BHD. announce the holding of The 7th DHAKA TEXTILE & GARMENT 2010 (DTG 2010) with the ultimate aim to offer an ideal platform to demonstrate new products and exploit business opportunities.

The event is designed to be the trendsetter for the industry player to showcase new technology, state-of-the-art equipments, materials and services, as well as an excellent avenue for international suppliers and visitors to expand business to the lucrative market and accelerate Bangladeshi technological advances that will impart effective quality, high speed and competitive cost to gain that all important edge in textile & garments industry.

Venue: Bangladesh-China Friedship Conference Center, Dhaka Date: Feb. 2- 5, 2010
Time: 12:00 – 20:00 Daily